Cement News tagged under: Weekly Newsletter
Cemex launches Cemex Ventures20 March 2017, Published under Cement NewsCemex has announced the launch of Cemex Ventures, the company's open innovation and venture capital unit. According to a statement by the company, Cemex Ventures will develop opportunities in key focus areas outside of Cemex’s core business, such as urban development, connectivity improvements within the construction value chain, new construction trends and technologies, and the creation and development of new project finance resources. What sets Cemex Ventures apart is its flexible appr... |
Spanish cement market starts 2017 with good growth17 March 2017, Published under Cement NewsSpain's cement market expanded by 4.2 per cent YoY in February 2017 when sales reached 910,252t, according to Oficemen, the Spanish cement association. However, exports fell by around nine per cent to 611,000t. "We consider that this slight increase in the consumption of cement is an unexpected and punctual data, due to the volatility of the market," says Oficemen General Director, Aniceto Zaragoza. "To this we have to add with concern, that the current motor of the construction sector, t... |
India: Government to sell non-operational CCI units17 March 2017, Published under Cement NewsThe government of India has announced that it plans to sell off five non-operational units of the Cement Corporation of India (CCI) as the first step towards complete divestment of the company, the Times of India reports. "As far as CCI is concerned, non-operating units of CCI are to be disinvested first as a part of strategic disinvestment of CCI," Minister of State for Heavy Industries and Public Enterprises, Babul Supriyo, said. The initial sell-off will involve facilities at Mandha... |
HeidelbergCement sees 13% revenue rise in 201616 March 2017, Published under Cement NewsHeidelbergCement saw revenues rise by 13 per cent to EUR15.2bn in 2016 and completed a successful acquisition of Italcementi with synergies increased to EUR470m. "2016 was an exceptional year for HeidelbergCement," states Dr Bernd Scheifele, chairman of the managing board of HeidelbergCement. "With the successful takeover of Italcementi, we have accelerated our growth and are now in an excellent strategic position. In our core business lines of aggregates, cement, and ready-mixed concrete... |
Peru sees 7% drop in domestic sales in February 201716 March 2017, Published under Cement NewsPeru's cement market contracted 6.9 per cent YoY with sales of 0.737Mt in February, according to Asocem, the country's cement producers' association. Output from Unacem, Cementos Pacasmayo and Cementos Yura reached 0.766Mt, 6.9 per cent below the 0.822Mt produced in February 2016. Domestic production was supplemented with 75,200t of cement, up 71 per cent YoY, mainly Vietnam and China. Vietnam shipped some 44,298t at an average price of US$66.28/t CIF, increasing volumes by one per ce... |
US/Puerto Rican shipments down 8.6% YoY in December, up 1.9% in 201613 March 2017, Published under Cement NewsTotal shipments of Portland and blended cement in the USA and Puerto Rico in December were 6.04Mt, representing a 8.6 per cent YoY fall, according to the US Geological Survey. The total includes 617,045t of imports to supplement the 5.42Mt supplied by domestic producers. Texas was the leading cement-consuming state, followed by California, Florida, Georgia and New York. These states received 44 per cent of December shipments. The leading cement-producing states were Texas, California,... |
CRH's regional businesses push group sales up in 201613 March 2017, Published under Cement NewsCRH recorded sales of EUR27.1bn in 2016, 15 per cent up on 2015. Divestments and disposals generated total profits of EUR55m, boosting group revenues in several regions. The UK, Ireland and Spain delivered strong cement volumes for the group and white cement sales were up 18 per cent in Ireland, although domestic prices were constrained with overcapacity. While cement and ready-mix volumes were ahead in Spain, operating profits were lower than 2015. French cement deliveries were... |
Indonesian cement sales rise 0.2% in February 201713 March 2017, Published under Cement NewsCement sales in Indonesia rose 0.2 per cent YoY to 4.54Mt in February 2017 from 4.54Mt in the same month one year earlier, said Indonesia Investments. Weak cement sales in the second month of 2017 are blamed on adverse weather conditions (a high amount of rainfall caused floods in several parts of Indonesia) and on the fact that direct investment in infrastructure and property outside Java remains bleak. Widodo Santoso, chairman of the Indonesia Cement Association (ASI), said Indonesia... |
EU: cap on emissions windfall set at 2.2% per year10 March 2017, Published under Cement NewsThe European Parliament and the Council (Environment Ministers) agreed on 28 February its negotiating position for the revision of the Emission Trading System (EU ETS), says Cembureau. According to the proposed directive, now due for deliberation in a trilogue of meetings. The cap on emissions will fall by 2.2 per cent a year – the so-called linear reduction factor – until at least 2024. This is expected to push up the cost of allowances and provide an incentive for industries to adopt cle... |
UK: Breedon Group's revenues up by 42.8% in 201608 March 2017, Published under Cement NewsBredon Group Plc's revenues for 2016 grew by 42.8 per cent to GBP454.7m and underlying earnings before interest and tax (EBIT) increased by 57.8 per cent to GBP59.6m, including a five-month contribution from newly-acquired Hope Construction Materials (‘Hope’). This equates to an underlying EBIT margin of 13.1 per cent (2015:11.9 per cent), reflecting good progress towards our 2020 target of 15 per cent, the company said. Profit before tax rose by 49.5 per cent to GBP46.8m. Underlying pr... |